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by vilifying the rich, we divided america without giving real solutions to americans. that i can't be -- >> you have a situation where you have republicans who don't want taxes raised on anyone voting against something that would at least keep them low for some people. do you know what i mean? >> if the president had offered up $100 billion worth of tax increases on the wealthy and $400 billion worth of cuts, he'd have had a deal in a new york minute. when you offer up $70 billion worth of tax increases on a small 1%, 2% of the population and no cuts and, in fact, ask for a stimulus that would consume all the money, we're going to vote on $60 billion for new york and area relief for hurricane sandy. that will consume a full year's worth of this tax increase that's proposed. >> let me just go back. it's so important, because we've had two years now of debates about all of this. each time we've only done spending cuts that hit middle class families and senior citizens the most. we are at a point where we're saying, no more. when congressman issa says everybody ought to be in and treated the same,
that have made america a beacon of hope and freedom. many yearn for basic human liberties. the people of western sa harrah have been trapped in oppressive conditions under the puppet regime. the front has instituted masked kidnappings of people from their homes into western algeria. they have been in prison in camps for 35 years. the front colbrates with the likes of cuba who ration food in the camp and indoctor rin ate children while partnering with al qaeda. they have a plan, which i will submit for the record that addresses these issues with a clear and democratic solution to the sa harrah crisis. this is where america support should lie. mr. speaker, the united states can and must continue to advance fundamental human rights as we in this chamber continue to work together for peace, justice and human dignity in the western sahara. the speaker pro tempore: the gentleman yields back the balance of his time. are there further requests for one-minute speeches? the house will be in order. members and staff, remove your conversations off the floor. under the speaker's announced policy o
. there is no debt crisis in the united states of america and europe, and there is no such thing as the debt crisis in my own country, which is nevertheless being consumed by debt. you know the joke about balloonist. the balloon has been blown off isrse, and at some point they no such thing as a debt crisis. manage to gain control of the balloon and lower it above a farm. the farmer comes out and looks up at the balloon and one of the balloonists says, excuse me, sir, where are we? and the farmer says, you are in a balloon. the balloonist says, he must be an economist. precisely accurate, and hopelessly useless. [laughter] we have a doctor here amongst us. imagine if you had a terrible case of a cancer patient in acute pain, and your diagnosis was, the person is experiencing a pain crisis. it wouldn't be useful. debt is a symptom of 2008, to be precise. it is what happens when a financial implosion begins on wall street, and then all sorts of dark forces break out, break loose, and they start dismantling the economic and social fabric of the world. these awful events happen once every hundred years
not want to give support. they do not agree with anything he does. whether it helps america or defeats america. they made up their mind whatever obama's as we are against it. if that helps america, it does not matter because we said over eight years ago we did not want him and will not support anything he does. we want the white house back -- in essence what they are doing they are making it better for america. the republicans will never return to the white house because they will never be for all americans. guest: george reminds me of a great line from a groucho marx movie but soup -- whatever it is, i am against it. that is a refrain in the song in the movie by the marx brothers. it is kind of what it seems like with some of the tea party republicans, what ever it is obama comes up with, they are against it. that is not how we move the country forward on any number of issues and certainly not regarding the fiscal cliff negotiations. the president has put forward a plan that includes about $1.20 trillion in tax revenue by increasing the tax rate on people making $400,000 of income are
of america. every time you come to this floor it's a question, why are we here? we are here to do the people's work. let's sit down. get it done. and move forward. instead of filling the agenda however worthy some of those initiatives may be, instead of not along with passing a middle income tax -- this is also reminiscent of a year ago. the president proposed, the house and senate, democrats and republicans, voted for the payroll tax holiday. the republicans in the house resisted. painted themselves into a corner until they had no choice. the issue had been made too hot for them to handle and they finally had to come around to supporting the payroll tax holiday. and here we are again. 100% of the american people will receive a tax cut when we pass the middle income tax cut. the wealthiest people in our country will receive a tax cut up to their income of $250,000. we are asking them to pay a little bit more for what they make over $250,000 a year. to help reduce the deficit, to help grow the economy, grow the economy. that growth is what is essential. you want to reduce the deficit, create
to "the ed show" from new york. the republican plan to solve the fiscal cliff is the same one america rejected on november 6th. this is "the ed show." let's get to work. >>> flabbergasted. i said he can't be serious. >> john boehner finally puts a plan on the table. >>> and breaking news the middle class gets the shaft. richard wolffe and molly ball on the republican political theater and the white house response. >>> bob costas issues a common sense relief for gun control in the wake of the kansas city chief murder suicide story. and the right wing just explodes. >> bob costas based on the standards of our society today deserves to be fired for these remarks. bill roden and dan gross respond. >>> corporate profits break records again. we'll tell you what it means for workers. >>> just when you thought it was too early for a horse race, i'll ask michael if this was the first campaign video for decision 2016. >> good to have you with us, folks. thanks for watching. john boehner is hanging on to their ideological hats. the latest attempt to change the conversation is a plan the american
on store shelves in 30 countries is stamped "made in america." that is something to be proud of. [cheers and applause] by the way, i hope the camera folks have a chance to take a look at some of it. including that flag. joe biden was in costco and he wanted to buy some of this stuff. [laughter] i told him he had too much work to do. i was not going to have him building roller coasters all day long. of course, santa delivers everywhere. i have been keeping my own list for washington. you should keep your eye on who gets some this year. there are going to be some members of congress who get them and some who don't. [applause] this is a wonderful time of year. it has been a few weeks since a long election finally came to an end. obviously, i cannot be more honored to be back in the white house. but i am already missing the time that i spent on the campaign visiting towns like this and talking to folks like you. >> we love you. >> i love you back. [applause] one of the benefits of traveling and getting out of the white house is it gives you a chance to talk to the american people about what
sector workers in america work for the companies his taxes focus on. bill: should we expect anything different from americans ahead of the next election? >> reporter: they stuck with the general limited themes of the republicans but they were trying to appeal to a wider audience. most of congressman ryan's speech included building a safety net. and ryan made clear he's proud of the campaign he and mitt romney ran. but he also subtly and indirectly disstansd himself from the comment romney made about the 47% of the americans perceived to be democratic because they rely on the government. >> both parties tend to divide america into our voters and their voters. republicans must steer clear of that trap. we need to speak to the aspirations -- we must speak to the aspirations and anxieties of every american. i believe we can turn on the engines of upper mobility so that no one is left out from the promise of america. >> reporter: senator rubio said he thinks the promise of tomorrow is with hotel workers, landscapers and late-night january towards. senator rubio says he doesn't thing lower
. >> gretchen: join me on studio b today, 3:00 p.m. eastern. here we ép, america. foxç news alert. yo. knewç worries government spending issspeeding out of control againsas the fed chair ben b%jbpgke says he will notmy let up on stimulus÷ú spending until unemploymentç gets a whole letç lower. we're a longay from that. heresin "america's úççç >> 85.ç that will continueb printing a lot of money. for four years, president obama has been spending a lot of money. we've still got an economy growing at best, 2 1/2% in the third quarter. it may be lower than that in the fourth quarter of this year. bill: that is only error in the quiver. we can print money. >> ben bernanke tried everything. now into his fourth round essentially of money printing. this time buying 40 billion in mortgages. 45 million in treasury securities. he will go into a fifth year of money printing. bill: one more point. this move was designed to help the banks anyway, right? feds are buying bad mortgages we're ultimately paying for that. >> 40 billion of this money printing going into the mortgage market. bill:
either america wins or it loses. heading off the cliff is losing and we need a persuasive frightening message for the president to see they take it. we don't need a smile from this president or an inspiring speech. we need cold awesome words of warning. we need the president to scare the dick ens out of those people. and that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>> thanks, chris. and thanks to you for tuning in. tonight's lead, i will not play that game. president obama's holding all of the cards in the tax fight. the gop's on the ropes and they are ready to cave. but with all things republican, there's always a catch. that's right. speaker boehner and company are looking to hold the debt ceiling hostage again. willing to downgrade our credit rating again. willing to risk our recovery again. just to get their way on spending cuts. the only problem for them, the president is in no mood to play. >> so i want to send a very clear messageç to people here. we are not going to play that game next year. in congress
is a good guy with a gun. >> even supporters of the nra called the organization out of touch with america. lawmakers and top educators fired back. they say any solution also needs to include gun control and mental health care. >> i don't believe that the only way to stop violence by guns is to give the other person a gun. >> -- have acknowledged that armed police officers may be a part of the solution, but also add that's going to cost money and wouldn't necessarily prevent another shooting like last week's tragedy in newtown from happening again. either way, this debate is sure to heat up. more than 400,000 americans have already signed online petitions calling for gun control and president obama has promised to seek legislation next year. reporting live in washington, i'm danielle lee, larry, back to you. >> many thanks. we appreciate the update. >>> now, we had cnn's -- >> i honestly don't understand why you would rather have people be victims of a crime than be able to defend themselves. it's incomprehensible. >> you're unbelievably stupid man, aren't you? >> it seems to me that you'r
. host: the stories are "the in- sourcing boom" and "mr. china comes to america. both can be found at theatlantic.com. thanks for joining us. we will take you live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c., december 19, 2012. i hereby appoint the honorable daniel webster to act as speaker pro tempore on this day. signed, john a. boehner, speaker of the house of representatives. the speaker pro tempore: the chair will receive a message. the messenger: mr. speaker, a message from the senate. the secretary: mr. speaker. the speaker pro tempore: madam secretary. the secretary: i have been directed by the senate to inform the house that the senate has agreed to s. res. 624, relative to the death of the honorable daniel k. inouye, senator from the state of ohio. -- hawaii. the speaker pro tempore: pursuant to the order of the house of
agreement at all. we are off of the lows of the days. names like bank of america among the biggest losers. while you see a few trying to give it a go in the green, the truth is, you are seeing broad-based selling. the s&p 500 is down a full percentage point. while there are some select winners, the truth is, you have many affected. connell: thank you very much. you heard a moment ago from the speaker. you did not hear this morning from the mayans. brian wesbury is here and he is his usual optimistic self. you are always relatively optimistic about the economy, but even after last night and what we in washington? >> sure. you know, yes, the fiscal cliff is coming. we have known him for a long time. the dow is still over 13,000. it is not just because the market thinks we have the great deal ever. tax rates will go up. we will have deficits, as far as the eye can see. by the way, we had pretty darn good news on personal income and spending and durable goods today. the economy is hanging in there, as well. connell: i thought it would be interesting to watch the close, because to me, maybe a
, no other modern country gives corporations the unfettered power found in america to gouge customers, short change workers and elect barriers to fair play. that is the very real fiscal lif that american consumers and workers are standing at the precipice of. with me is syracuse university law professor and pulitzer prize investigative reporter, david johnson, who provides details on how big corporations use plain english to rob you blind. in his book, "the fine print." loretta sanchez, carmin wong-ulrich, and matt welch. so nice to have you all at the table. >> good morning. >> thank you. good morning. >>> david, i stole that cyborg a bit from your text. i thought it was useful. if we are going to call them people, the kind of people they are is not immoral but amoral, interested only in profits but willing to work with the law but in a ray that erodes what our capacities are. play that out for me. >> society is defined by its rules. what we have been doing quietly and without the news media covering it is rewriting the rules. the rules of competition are being thwarted or repealed. everyon
america and so do our chair people. half of our chairman will be women and minorities. and some of it is historic. we have our senior democrat be maxine waters on financial services. the chairman of what we used to call the powerful appropriations committee, that's just the beginning of it. women across the board in chairmanship. >> there's been so much made about christmas and the holiday that congress is notorious for taking it up to the last 11th hour and doing something to get out of town. do you want to respond to that? >> i think that's an irresponsible position. and again, we're waiting for the republicans to come to the table seriously. not to toy with the christmas holiday, but to let people have confidence to buy toys. the consumers are waiting to hear that markets are waiting for the confidence to hear that we're going to be doing something. and even these two weeks are vital weeks in terms of our economic growth and what we would like to see happen. people have to know that come january, they can pay the bills for what they bought in december and we want them to have
get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ at chevy's year-end event, we have 11 vehicles that offer an epa-estimated 30 mpg highway or better. yeah? hey. hey. where's your suit? oh, it's casual friday. oh. [ male announcer ] chevy's giving more. this holiday season, get a 2013 malibu ls for around $199 per month, or get $1,000 holiday bonus cash. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronge
of the united states of america by defaulting on payments or at least to threaten that. this is not a very popular position among the public. in fact, they will be -- i think it's a suicide mission that they are on, that the american people will make them pay the price. i really don't understand their strategy. >> margie, if you look at the fact that in the 2011 debt ceiling battle senator mitch mcconnell had this to say. he said, i think some of our members may have thought the default issue was a hostage. you might take a chance at shooting. most of us didn't think that. what we did learn is this. it's a hostage that's worth ransoming. and it focuses the congress on something that must be done. now, if this was their thought and attitude in 2011, do you think that's what we're dealing with, that kind of feeling, attitude of holding the hostage for ransom now? >> i hope not. it's bad for -- it's certainly bad for the economy and it's also been bad for the economy brand. it's the reason that they were unsuccessful in the polls and by two to one if we don't reach a deal for the fiscal cliff
lumb or demonizes america or decont paint the properr historic picture of america. fight back and go to the pta and meetings and school board and i would say that people have to be active in the streets. the left is successful because they go in the streets. >> steve: they were effective in the street in michigan. >> and they get the ear of congressman and the ear of the press because they are in the streets. we have to protest when we think our constitutional rights given to us by thing fathers and god himself if they are in jeopardy we have to protest. >> steve: we saw that with the tea party. >> i like the tea party. >> steve: rabbi spiro, thank you for joinningugs. >> i appreciate it. thank you. >> steve: gretchen, what is coming up. >> gretchen: watch this as a mob turnos a fox news contributor. soy that's not even the worst of it. steven crowder, the guy punched in michigan, he will joinn us here next . then something equally as scary. >> brian: we go with the call of the wild man, next. here is neal to play us out. you will find out their story and the capture of turtles. >> g
. >>> that's not stopping him from wasting america's time. >> these are gyrations i've never seen before. >> tonight, congressman chris van hollen on the republicans in chaos. congressman elijah cummings and john garamendi on where the dems go next. >>> plus, abc's jake tapper took it to the president on gun control. >> where have you been? >> today the republican leadership was forced to respond. former vermont governor howard dean on the republican disappearing act on guns. and a preview of tomorrow's nra news conference. >>> and righties have their bogus war on christmas. >> santa, if you will, i understand you don't like to say happy holidays. why? >> tonight, i'll tell you about the real war on christmas and the people who stand to suffer for it. >> good to have you with us tonight, folks. thanks for watching. tonight washington republicans are wasting our time. republicans are supposed to vote on john boehner's infamous plan b at this hour. the house is in recess as republican leaders basically are scrambling to get all the votes. house speaker john boehner pushed for a vote on the
. this is not the first time these things that happened. it happened in the united states of america. you have disparate economies in the united states of america that are bound together monetarily. missouri and washington state are as different as germany and greece. what is it that keeps the united states together? you had a great expression in the 1930 -- you had a great depression here in the 1930's. things were awful. and yet, i do not believe there were any political movements to get rid of the deficit states from the united states, like there are in europe and portugal and spain and everywhere else that happens to be in deficit. the reason is, the federal- state, especially after 1929 plays the role of the regulator of surplus and deficit recycling around the land. let me give you a simple example. we are in seattle. boeing is sponsoring the lectures. when boeing goes to washington to give a contract for the next generation jet or whatever, they may get it. they do get it. but there are some things attached. like for instance, we want a factory that builds the wings are the engines in tennessee
over on the boat he was told the streets of america were paved with gold and found out there were no streets and he had to do the paving, and i think the strongest part of our culture is "the family". we may have our dysfunctions but our families never dessert us and my family didn't know much with the lgbt issue so when i came out of the closet i thought they would be so upset i would lose them. wouldn't happen. once my son had a sign that said "i love my gay son that never calls" and that is it and i want to welcome the counsel general and his partner and actually we share a vice, and it's called napoli. i think i can say it right. (. [speaking foreign language] . we don't want you to do that but want to work out programs to share our fabulous culture and again thank you. [applause] >> hello. i am honored. i am david chiu president of the board of supervisors. i fall in a long line of succession of italian presidents at the board of supervisors. i am here honored to be supporting our board and my colleague scott wiener and representing the oldest italian neighborhood he
is up after the break. stay with us. the debate about gun violence in america starts here. when the unthinkable happened we all thought, never again. today there is no movie more relevant than "bowling for columbine." michael moore's academy award winning documentary, "bowling for columbine." current tv presents this important film tonight at 6 eastern followed immediately by an encore presentation. [ music ] >> broadcasting across the nation, on your radio and on current tv this is "the bill press show". >> on the east coast, it is six minutes after 6:00 on a friday morning. we can hearby confirm that the world has not ended. high hey, what the hell? good morning, everybody. welcome to the "full-court press" on a friday. ♪ alleluia. ♪ >> damn right. it's friday, december 21st. ♪ alleluia. ♪ >> this friday especially our favorite day here around "the bill press show". ♪ alleluia. ♪ >> bill: alleluia, indeed indeed. good to see you today. welcome to the "full-court press." coming out to you live all the way across this great land of ours,
in north america or just about 13 gun deaths for each day, and even this morning we learned there was a shooting at a police station in camden, new jersey. so, you know, you mentioned gun control as an issue that the president needed to really get working on pretty quickly in january. how is that going to compete with other agenda items and how will the president and i would also say the outside groups really keep the pressure on to make sure that something meaningful happens? >> you know, that's a very good question, karen, and in a sense i wonder if it's already too late. if you don't act on these things quickly, people stop talking about it. the gun rights activists and the nra don't stop talking about it. they regain the traction they had momentarily lost. there is still hope for that issue, but the president really needs to move on that in january wile also remembering that the first three priorities are the economy, the economy, and the economy. >> how -- i think part of the sad reality is there will continue to be gun violence between now and the time that any legisla
, and certainly death and carnage on our streets all across the cities of america, this particular incident, i think, is a culmination of a variety of these massacre type incidents that we've seen over the last few years, and they're increasingly happening. the issues of high capacity weapons, these magazines, assault weapons being used, body armor available out in the open marketplace. these are items that civilians basically should never really have. there's no reason for a civilian to have an assault type weapon. you know, other people will talk about, well, it was converted from something else. what it is is semiautomatic or in some cases possibly automatic weapons not used for sport, not used for legitimate hunting purposes, and they are tremendously dangerous. the children it's been reported many shot multiple times with a high volume high velocity weapon. the individual shooter in the connecticut case prior to him shooting himself would have been prepared to engage the connecticut state troopers or other law enforcement because he had body armor and numerous weapons. the glok, the 15 bu
. it will paper all of the other problems. we have been underproducing talent of in in america since about 1983. as a result of that, people are substituting so baccalaureate degrees and certificates for ba 's. employers want the more skill output and better. if the jobs are there, you are in business. >> i think the short run and needs to be a priority. i think the education issues are fast. the people you poll picked up on that. the poll numbers seem to be screaming this out. i think a vast number of things on our to do list, we talked about affordability when it comes to education. all of the online stuff, the massive online courses hold a lot of promise. we need a more flexible college education and we need to broaden opportunities for the non university crowds. there is a lot to do on the to do list. we do not exactly know what needs to be done. we need to figure it out. i think we cannot ignore that issue. >> one last thing, and then we will move to another piece of the program. are the president in 2016, what will you tackle? you get to go first. >> fundamental tax reform is really -- it
.88 or select playdoh sets, only ten dollars. all backed by our low price guarantee. america's gift headquarters. walmart. >>> all right. 25 past the hour. time now to take a look at the "morning papers." we'll start with the "usa today." nonvoters have some ideas on how to make voting easier. the top suggestion, according to a new poll, 28% of nonvoters say being able to cast their ballots online would make them more willing to participate in the electoral process. during this year's presidential election, turnout dropped to an estimated 57.5% of eligible u.s. citizens. >> "the new york times," co-inventor of the modern bar code died on sunday at the age of 91. woodland who patented the technology almost 60 years ago developed the idea as a student at drexel university after the head of a local grocery store asked the engineering department for help advancing the checkout process. >> from our "parade of papers," "the los angeles times." sales of chewing tobacco and other smokeless products have risen sharply in california while usage among high school students jumped 3.9% in 2010. nationwide th
of america. >> and then say good-bye to 2012 in all its moments. historical and hysterical. sandy crowley, washington. >> one of the biggest political moments playing out right now at the white house. let's go live there to the white house you november and show you what is going on. there it is. the president has made a proposal. it says if they don't have a counter proposal, the president is asking for an up or down vote in the house and the senate. picking it up from here, candy crowley will be doing "the situation room". thanks for watching. now to candy. >>> happening now, new details of the meeting between president obama and congressional leaders for what could be a last-ditch effort to avoid the fiscal cliff. >>> families in the making ripped apart. russia officially bans the adoption of russian children by americans. >>> and for the second time in a month, a man pushed to his death from a new york city subway platform in the path of an oncoming train. wolf blitzer is off. i'm candy crowley. you're in "the situation room." >>> all eyes on that white house this hour. and the meeting
be for a number of things. not only are we talking about america, we are talking about the world when we fail to do things we need to do. but for the moment, the issue of the day has to do with an adequate discussion on talks of the american people about just what we need to do regarding this measure. we cannot do everything, and i know that. we cannot stop evil and violence by educating everything, but in my judgment we can and we must do something. failure to do that is a helluva lot more important to me than whether the president and john boehner jump off a fiscal cliff. >> it did yeoman yields back. mr. bishop. -- the gentleman yields back. >> let me first say, mr. scott, that the shawl is specific for you. it is designed to match the wheelchair and the walker you will be given in the senate. in my years as speaker of the house -- [laughter] 1 of the things i had to do is try to enforce the rules we had in quorum in debate. i just want you to know that first ball, i don't ascribe to any special powers to see into the heart of other people so i cannot prescribe motives to anybody or how th
for the iowa house twice. i have a quick question, how can i as an individual and the rest of america, with the help of c-span, find out how each representative or senator feels and votes for this, this plan that the speaker put forth or the plan a as we call it? i think they will come together. but if they don't, how do we know -- how do we, the american people, know who is against this and who is for it? because there are a lot of people in america that really want to know this. >> i give you one resource and the link may be there i see it under web resources, this is our home page but on cspan.org/fiscal cliff. i'm not sure how tchaurnt is. sometimes it takes a day or two to happen but i bet if you search through there it will be there. on our republican line. caller: i think that the fact that it rorgly was up for debate in the beginning and back and forth between the president and speaker boehner it shows no one wants to take responsibility. he is the president and i don't think preck or ronald reagan would have let us go off the fiscal cliff. i'm sure they don't hold president o
growing up in hawaii that america every america has a place for everyone. may god bless daniel inouye, and may god grant us more souls like his. ♪ ♪ somewhere over the rainbow blue birds fly ♪ >> good day. i'm andrea mitchell live in washington where we are expecting to see the first major announcement for president obama's second term. his cabinet choices. this hour the official selection of john kerry as the futures face of the state department. former president bill clinton departing that memorial service. the funeral for senator inouye moments ago with president obama taking time to speak with senator kerry after the service. joining me now for our daily fix chris alissa, msnbc managing editor of post politics.com jeffrey goldberg, national correspondent for the atlantic washington bureau chief susan page, and the "new york times" white house correspondent mark lamb berg. let's talk about the pick of john kerry. we knew it was coming. the timing is interesting. they wanted to do this before christmas, but then we thought it was going to be after christmas, even from the kerr
in america which i know is the only way to solve this problem. >>neil: you do not subscribe that deal or no deal boomerangs and hurts republicans? >>guest: i don't want to go off the fiscal cliff which congress created in a bipartisan way. this fiscal cliff is the direct result of the last fiscal cliff when we had the debt limit showdown. >>neil: both sides agreed. >>guest: i voted again i. why create the artificial crisis as a way to force action? it never works. >>neil: bethis. they did. >>guest: and now they are going to do it again. they are saying, now, hurt growth in america, cut a deal that hurts growth in america so in a year from now we will have a worst fiscal cliff and that is the real fiscal cliff $16 trillion debt which the tax you have 200,000 less jobsve next year and the people voting for that will be responsible and held accountable for the public policy. >>neil: you have been talking about freeing out to the middle-class. for and reason in the last election republicans lost the middle class. they seemed to get stereotypes as the party that appeals only to the well-to
the price of milk shoots up to $8 a gallon. why house republicans are take ing america to the dairy cliff. >>> and civil liberty groups take on torture in zero dark thirty. >>> if no deal is reached, the nation will go over the fiscal cliff in a little more than five days and house republicans are doing nothing more than posturing. president obama is flying back to washington tonight from his christmas vacation in hawaii to make one last attempt to get a deal before midnight new year's eve. the senate is returning and will be in session tomorrow for the same purpose. senate majority leader harry reid is trying to determine what kind of bill he can get through the senate with limited republican support. meanwhile, governor neil abercrombie of hawaii tonight announced that lieutenant governor brian schatz is as fit to feel the seat of the passed senator daniel inouye. he will leave hawaii for washington tonight and is expected to be sworn in sometime tomorrow afternoon. the democrats are wasting no time in the event harry reid needs the vote to avert the fiscal cliff. but the house? a diffe
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of america, trading 8% of price to book. i think this is what you want to go into, things with definable catalysts, and when you have a stock rally, the financials participate in the history of markets. it's one you want to hold on. energy side, clearly, energy is not growing in terms of the demand in the u.s.. where it's growing is the rest of the world. >> right. >> we don't have any real opec or non-opec growth in terms of plux. who gets the call? the people who do offshore and deepwater drilling and down hole work. that's why you want to be there. >> global diversions here to some extent. all right, thank you very much, gentlemen, john stevenson and larry, have a great weekend. >> thank you, you too. >> thanks. >> leaders meeting with the president right now this very moment at the white house and the country and entire world watching because if we go off the cliff, markets around the globe could be affected. live to the white house with the very latest. david: taxes on dividends could be rising. chairman of southern company who owns a bunch of utility companies, why that could spell
opportunity to write the next chapter in america and america's exceptional story, but we must always remember that nothing is given. america's greatness must continue to be earned. our nation has built generation by generation through hard work and resiliencey of the american people and our generation must do our part to live up to this awesome responsibility. we must be a country that stands for freedom and liberty, economic growth and opportunity for every american and i remain optimistic that we can continue to make this country even better if we stay committed to these principles. mr. speaker, i want to thank the people of the 10th district for the opportunity and honor to represent them in the united states congress. the speaker pro tempore: the gentleman yields back the balance of his time. under the speaker's announced policy of january 5, 2011, the chair recognizes the gentleman from georgia, mr. johnson, for 30 minutes. mr. johnson: thank you, mr. speaker. mr. speaker, i was thinking to myself earlier this day, what happens when you put in a cage fight a giant in with a midget where
ceiling debate. we all knew that america wasn't going to default on its debt, but getting there was incredibly painful. it was damaging. it damaged the economy as well. and that's when you see someone like bernanke making these warnings. republicans should know this. they are the ones who keep saying what we need in the tax code is certainty. tax rates need to be permanent. this is a tremendous amount of uncertainty when we know what the outcome is. so just do it. >> julian, to richard's point, the head of the imf has warned the administration here that if this matter is not resolved soon, there is going to be collateral damage globally. does speaker boehner take cognizance of comments like that? or is he simply focused on persuading his own caucus to buy what he's offering? >> we've seen republicans willing to strap the bomb to their chest and blow up the entire environment. we saw that in october of '08 when the markets caved and we needed the t.a.r.p. reform. we saw it in july of 2011. i think they realized they have no leverage in this case. so i think it's different.
one i own. >> western digital. >> bank of america. i like this name. meredith whitney talked about dividend potential for next year. i like it a lot. >> steven weiss? >> thank you. i like bank of america too for my friend pete here. but i will talk about aig. i think it'll be a great company again next year. put a dividend in there. buy it. >> which they want to do. >> they want to do. >> he's done a phenomenal job. like gm, everybody made money. >> is that too much time? >> way too much time. >> are you 50? >> no, not yet. >> that does it for us. don't forget to catch "money in motion" and options this evening. have a great evening. follow me on twitter. and power starts now. >>> and we welcome you to "power lunch." we have three major news conferences in washington, d.c. president obama will nominate senator john kerry to be his next secretary of state. harry reid will be on the senate floor and house minority leader nancy pelosi will discuss the cliff crisis. with plan b history, washington is scrambling to get a deal done. the markets however are decidedly worried. dow jones ha
to america's middle class, the first caucus where the majority are women, minorities, et cetera. >> obviously ron taking a hit at republicans who have taken so much flack for the fact there have been so few women republicans in leadership positions but really is part of the larger narrative. >> absolutely. this was a huge thing in the election, these demographic shifts that really helped reelect the president. i want to say one more thing on the point on taxes. if there's anything the president has a mandate for, raising taxes on the wealthy. the surveys say the majority of americans are in favor of this and i want to point out there is no evidence to show that higher taxes or an impediment to growth. look at the clinton years versus the bush years that came after and see that difference. >> rana, always great to have you here. chris thank you as well. >> thank you. >>> yet another sign that washington can't work together, though, a u.n. treaty that would globally ban discrimination against people with disabilities came up for a vote in the senate yesterday and it failed, even though it was m
, the payroll tax cut put a thousand dollars on average in the pockets of most families in america. families making under $150,000 are responsible for almost 82% of consumer spending. so the reason we're creating jobs with the payroll tax cut or a tax credit, the idea i mentioned before, is because you're giving consumers, families and small businesses the opportunity to create jobs because of economic activity. i did mention the -- the job impact of the payroll tax cut created or saved 400,000 jobs in the last year. and did -- didn't in any way harm the social security trust fund. in fact, it enhanced our ability to have more payroll revenue over time because of that job creation. so i think we should do both, continue the payroll tax cut as well as have a tax credit for businesses so that if they hire in year one versus the year -- or a year after the year that the credit is in place, that that hiring can be given so that hiring can be given credit and they can be is incentivized to hire more. tomorrow our joint economic committee will be engaged in a hearing on fiscal cliff issues. we'll
does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here. your taxes will go up on january 1st. i'm assuming that doesn't sound too good to you. that's like the lump of coal you get for christmas. that's a scrooge christmas. >> president obama has been consistent in his message and demeanor. the republicans look more unreasonable each passing day. >> if we can just get a few house republicans on board, we can pass the bill in the house, it will land on my desk. i have a bunch of pens ready to sign this bill. >> while the president was turning up the public pressure on the road, nancy pelosi plaid a card of her own. she gave republicans until next tuesday to vote on tax cuts for the middle class. >> if the bill, if there's no announcement of scheduling of the middle income tax cut, which by the way has tremendous support in the republican caucus, i think we would get 100% vote on it if it came to the floor. if it is not scheduled, then on tuesday we will be introducing a discharge petition, which you know if we
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